VANCOUVER, BC, April 12, 2021
/CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the
"Company") (TSXV: SNM) (Nasdaq First North Growth Market: SNM)
is pleased to confirm payment to the Company of $10.5 million from the Kurdistan Regional
Government ("KRG") for the February
2021 Atrush oil sales invoice and entitlements and from the
KRG's proposed repayment mechanism for receivables. In
particular, the February 2021 Atrush
sales and entitlements as received are $23.8
million ($8.1 million net to
the Company) and $6.5 million
($2.4 million net to the Company) as
the second monthly payment received for receivables repayment from
the KRG. This receivable repayment reduces the KRG's
outstanding amount owed to the Company to $38.25 million. View PDF
OTHER
This information is information that ShaMaran is obliged to make
public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact persons set out below, on April
12, 2021 at 12:15 p.m. Eastern
Time. Pareto Securities AB is the Company's Certified
Advisor on Nasdaq First North Growth Market (Stockholm), +46 8402 5000,
certifiedadviser.se@paretosec.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ABOUT SHAMARAN
ShaMaran is a Kurdistan focused
oil development and exploration company which holds a 27.6%
interest, through its wholly-owned subsidiary General Exploration
Partners, Inc., in the Atrush Block.
ShaMaran is a Canadian oil and gas company listed on the TSX
Venture Exchange and the Nasdaq First North Growth Market
(Sweden) under the symbol "SNM"
and is part of the "Lundin Group of Companies".
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SOURCE ShaMaran Petroleum Corp.